The stock of Oneok Partners LP (NYSE:OKS) hit a new 52-week high and has $45.26 target or 9.00% above today’s $41.52 share price. The 5 months bullish chart indicates low risk for the $12.12 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $45.26 price target is reached, the company will be worth $1.09B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 208,762 shares traded hands. Oneok Partners LP (NYSE:OKS) has risen 17.01% since April 20, 2016 and is uptrending. It has outperformed by 12.45% the S&P500.
Oneok Partners LP (NYSE:OKS) Ratings Coverage
Out of 13 analysts covering Oneok Partners (NYSE:OKS), 1 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 8% are positive. Oneok Partners has been the topic of 31 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Tuesday, October 13, the company rating was downgraded by Credit Suisse. The stock of Oneok Partners LP (NYSE:OKS) has “Neutral” rating given on Friday, August 12 by Robert W. Baird. The stock of Oneok Partners LP (NYSE:OKS) has “Hold” rating given on Thursday, November 3 by Stifel Nicolaus. The rating was downgraded by US Capital Advisors to “Hold” on Wednesday, May 18. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, December 16. The firm earned “Neutral” rating on Thursday, October 13 by Piper Jaffray. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, December 22 report. The rating was maintained by Credit Suisse with “Neutral” on Thursday, February 25. The firm earned “Underperform” rating on Thursday, March 17 by Credit Suisse. The company was downgraded on Wednesday, June 8 by Jefferies.
According to Zacks Investment Research, “Northern Border Pipeline is a general partnership that owns an interstate pipeline system that transports natural gas from the Montana-Saskatchewan border to natural gas markets in the midwestern United States. This pipeline system connects with multiple pipelines that provide shippers with access to the various natural gas markets served by those pipelines.”
More recent Oneok Partners LP (NYSE:OKS) news were published by: Fool.com which released: “ONEOK, Inc. Earnings Rise on Higher Volumes at ONEOK Partners LP” on November 02, 2016. Also Fool.com published the news titled: “Here’s Why ONEOK, Inc. and ONEOK Partners LP Shares Are Down Big Today” on February 09, 2016. Moodys.com‘s news article titled: “Moody’s changes ONEOK Partners’ outlook to stable” with publication date: October 10, 2016 was also an interesting one.
OKS Company Profile
ONEOK Partners, L.P., incorporated on July 13, 1993, is engaged in gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. The Company’s divisions are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
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